Mahan Industries (BOM:531515) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Mahan Industries Debt-to-Equity?

Mahan Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Mahan Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Mahan Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.00 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Mahan Industries's Debt-to-Equity or its related term are showing as below:

BOM:531515' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.47 Max: 1.24
Current: 1.2

During the past 13 years, the highest Debt-to-Equity Ratio of Mahan Industries was 1.24. The lowest was 0.27. And the median was 0.47.

BOM:531515's Debt-to-Equity is ranked worse than
89.91% of 1011 companies
in the Asset Management industry
Industry Median: 0.19 vs BOM:531515: 1.20

Mahan Industries Debt-to-Equity Historical Data

The historical data trend for Mahan Industries's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mahan Industries Debt-to-Equity Chart

Mahan Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.46

0.43

0.85

1.09

1.12

Mahan Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.12	N/A	1.20	N/A

Competitive Comparison of Mahan Industries's Debt-to-Equity

For the Asset Management subindustry, Mahan Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mahan Industries's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mahan Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mahan Industries's Debt-to-Equity falls into.

Mahan Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mahan Industries's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	34.766)	/	30.978
	=	1.12

Mahan Industries's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0
	=	N/A

Mahan Industries (BOM:531515) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Mahan Industries Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Mahan Industries's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Mahan Industries (BOM:531515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mahan Industries Ltd (BOM:531515) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Mithakhali Under Bridge, 3rd Floor, D. K. House, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

https://www.mahan.co.in

Mahan Industries Ltd is an investment company. It is engaged in the business of investment in quoted and unquoted shares and trading in shares. The company provides equity capital to the companies and also offers loans and debts to companies, business entities and high net worth individuals. The company invests in middle-market companies.

Mahan Industries (BOM:531515) Headlines

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